Bond
Evidence of the borrowing by an issuer and a debt instrument for tax purposes.
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Tax-Exempt Bonds
A Bond, the Interest on which is excludable from gross income for federal income tax purposes.
See Also
Tax
Compulsory charges levied by a governmental unit for the purpose of raising revenue.
Tax-Advantaged Bonds
Includes tax-exempt bonds, tax credit bonds and direct pay bonds.
In Contrast To
Taxable Bond
A bond, the interest on which is not excludable from gross income for federal income tax purposes.
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Hundreds of Terms and Concepts
Private Activity Bond (PAB)
The term used in the Code to describe any bond issued as part of a bond issue that meets both of the private business tests or meets the private loan financing test.